Our Story
Perseus Mining is a rapidly growing African focused gold producer, developer, and explorer.
2004
Perseus was founded: Perseus established as junior exploration company and acquires Tengrela gold project in Côte d’Ivoire (now Sissingué)
2006
Perseus acquires Edikan: Perseus acquires the Ayanfuri exploration licenses in Ghana (now Edikan)
2009
Financial Investment Decision to develop Edikan Gold Mine
2012
Commercial Production: Edikan Mine commenced commercial production
2016
Perseus acquires Yaouré Exploration Licence
2016
Financial Investment Decision to develop Sissingué Gold Mine
2018
Sissingue Commenced Commercial Production
2019
Financial Investment Decision to develop Yaouré Gold Mine
2020
Perseus acquired Exore Resources (Bagoé permit near Sissingué)
2021
Commenced Commercial Production at Yaouré Gold Mine
2021
Significant organic growth pipeline
2022
Acquisition of Orca Gold Acquired Meyas Sand Gold Project (formerly Block 14 Development Project) & interest in Koné Gold Project
2023
Perseus achieved FY2023 gold production of 535,281oz at an AISC of US$959/oz
A premier African focused Gold Company
Perseus started life as a junior exploration company in 2004, exploring tenements in both Ghana and Côte d’Ivoire. In 2006, Perseus acquired the Ayanfuri exploration licences in Ghana that had previously hosted heap leach mining operations. Significant exploration success followed, and the company rapidly evolved from explorer to developer and then gold producer in 2012 with the successful development of the Edikan Gold Mine.
In pursuing our strategy of becoming a multi-mine, multi-jurisdictional gold producer, developer and explorer, we developed our second gold mine, the Sissingué Gold Mine in Côte d’Ivoire, based on an exploration discovery made early in the company’s history. Since achieving commercial production at the end of March 2018, Sissingué has surpassed all expectations, routinely exceeding internal targets for run time, recovery, gold production and costs.Â
Perseus commenced development of its third mine, the Yaouré Gold Mine, also in Côte d’Ivoire in May 2019, three years after the acquisition of Amara Mining plc. Yaouré first gold was poured ahead of schedule in December 2020, and Perseus declared commercial production in March 2021.
Gold production from existing assets, including increased production at Edikan, and production from Yaouré lifted Perseus’s gold production to more than 500,000 ounces of gold per annum in CY2022.
In May 2022, Perseus acquired Orca Gold and is now the owner and developer of the Meyas Sand Project (formerly the Block 14 Project) in northern Sudan, and also holds a 17.8% stake in the Koné Gold Project in Côte d’Ivoire. This acquisition adds a high-quality development project to our portfolio, that if brought on stream as intended, should ensure that Perseus can maintain or exceed its targeted production level well into the next decade.
Perseus is focused on maintaining this level of gold production and generating a cash operating margin of not less than US$400 per ounce for the foreseeable future by optimising and extending the life of existing assets, and through the discovery and acquisition of new Mineral Reserves. Perseus remains an African focused gold company where it believes its many years of proven development and operational experience provides a competitive advantage for the company.
